Investing.com - Industrial production in the U.S. rose less-than-expected in December, while the previous month’s figure was downwardly revised to show a bigger decline, official data showed on Wednesday.
In a report, the U.S. Federal Reserve said that industrial production rose by a seasonally adjusted 0.4% in December, falling short of expectations for a 0.5% gain.
Industrial production for November was revised down to a 0.3% decline from a previously reported 0.2% drop.
Year-over-year, industrial production rose at an annualized rate of 2.9% last month, after increasing at a rate of 3.7% in November.
The report showed that the capacity utilization rate rose to 78.1% from 77.8% in November. Analysts had expected the capacity utilization rate to rise to 78.2%.
Following the release of the data, the U.S. dollar remained lower against the euro, with EUR/USD rising 0.68% to trade at 1.2824.
Meanwhile, U.S. stock index futures pointed to a mixed open. The Dow Jones Industrial Average futures pointed to a drop of 0.1%, S&P 500 futures shed 0.05%, while the Nasdaq 100 futures indicated a gain of 0.25%.
In a report, the U.S. Federal Reserve said that industrial production rose by a seasonally adjusted 0.4% in December, falling short of expectations for a 0.5% gain.
Industrial production for November was revised down to a 0.3% decline from a previously reported 0.2% drop.
Year-over-year, industrial production rose at an annualized rate of 2.9% last month, after increasing at a rate of 3.7% in November.
The report showed that the capacity utilization rate rose to 78.1% from 77.8% in November. Analysts had expected the capacity utilization rate to rise to 78.2%.
Following the release of the data, the U.S. dollar remained lower against the euro, with EUR/USD rising 0.68% to trade at 1.2824.
Meanwhile, U.S. stock index futures pointed to a mixed open. The Dow Jones Industrial Average futures pointed to a drop of 0.1%, S&P 500 futures shed 0.05%, while the Nasdaq 100 futures indicated a gain of 0.25%.